Mobile phones have increasingly become tools that consumers use for banking, payments, budgeting, and shopping. Given the rapid pace of developments in the area of mobile finance, the Federal Reserve Board began conducting annual surveys of consumers’ use of mobile financial services in 2011. This 78-page report, “Consumers and Mobile Financial Services” (March, 2015) examines trends in the adoption and use of mobile banking, payments, and shopping behavior and how the emergence of mobile financial services affects consumers’ interaction with financial institutions.
Sing Lee Software Mobile Payment Business Grows to 140,000
Sing Lee Software Limited, a leading financial software developer in China, announced its mobile payment operational statistics for the month ended 31 May 2011.
With the continued introduction of mobile payment products in China and the close cooperation between the Group and China UnionPay Co., Ltd (“China UnionPay”), the Group’s mobile payment business has enjoyed skyrocketing growth since its market debut. For the month ended 31 May 2011, the number of mobile payment customers of the Group has surged to 142,830, including 77,436* active customers. [Read more…]